New Technologies That Have Had A Great Impact On Business

cash4wealthng.comBusiness and technology have been going hand-in-hand since forever, but it was only recently that technology actually stepped up and became an irreplaceable component of any business. Here is a unique post by Daniel Lewis and 

Up to a while back there were always alternatives that could amount up to what technology could offer, but nowadays businesses are completely technology-dependent, and that’s not exactly a bad thing. Technology, with its constant evolution, changed a lot of aspects in the business world, making everything faster and more profitable. Here are just some of the technologies that managed to achieve this.

The Cloud

There are numerous technological innovations that affected the business ecosystem, but none of them even come close to the impact the rise of the cloud had on businesses everywhere. The cloud is essentially the technology that broke the barriers between enterprises with colossal budgets and startups, as it removed the need of an upfront investment in infrastructure.

With the cloud, any business could enjoy an enterprise-level IT infrastructure that’s highly-effective yet incredibly cheap. Scalability was also a great advantage offered by the cloud, essentially making it possible for a company to upgrade its whole infrastructure on a per-need basis, without having to worry too much about bad investments. Not only were the upfront costs cut down greatly, but also operating costs on the long run went down, as there was no need for in-house stat to make sure things were going well, as this was the responsibility of the cloud service providers now.

The introduction of subscription-based software, which was also made possible thanks to the cloud, is another thing that makes the cloud a total blessing for businesses.


Cheaper software and the lack of an in-house infrastructure are not the only advantages brought by the cloud – it also brought cheaper workforce, in the form of outsourcing. Before the cloud, having a new need meant finding a person skilled in that specific segment, going through a sometimes lengthy interviewing and hiring process, and potentially ending up with a person whose services you may no longer need on your payroll.

Outsourcing changed the way such things are carried out by introducing an alternative: hiring an off-site worker for the job. There are several advantages to this practice, such as a higher efficiency, lower costs and a wider pool of talents to choose from. Outsourcing made it possible for a business to expand its hunt for the perfect person for the job to a global scale, thanks to a wide network of freelancing and outsourcing platforms.

Aside from the possibility of finding a more skilled individual with the help of outsourcing, the costs associated with the process are also lower. Depending on the location of the selected individual, the hourly pay rate may be significantly lower if the said person comes from a country where the workforce is cheaper. The business doesn’t have to worry about the hardware and software associated with the task either, as it is usually the responsibility of the outsourced person or company to have all the necessary hardware and software to get the job done.

Mobile Technology

Mobility is a crucial part of some businesses, and before mobile technologies kicked it off, being on the move meant being ineffective. Nowadays, mobile technologies allow individuals to work from anywhere, thanks to the fact that switching from a mobile device such as a smartphone or a tablet to a workstation can be done seamlessly.

As in the case of outsourcing, the cloud also plays an important role in mobility as well, as it is the component that makes switching between devices possible. Without the cloud, work carried out on a device would need saving and transferring to other devices via various means; with the cloud, it’s all synced up in real time, so all the files are always accessible, regardless of the device one is using.

Social Media

As much as some may want to argue this aspect, social media has become an important part of any business, as it’s the technology that allows a business to connect to its customers at a more personal level. What started off as a social trend that allowed people to stay in touch with their acquaintances quickly dragged companies into the loop as well, and nowadays a company without a social media presence is a company that might be missing out on an important market share?

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